IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of BMW Ventures IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About BMW Ventures Ltd IPO
The BMW Ventures Ltd IPO consists entirely of a fresh issue with no offer for sale. Up to 2,34,18,000 equity shares are up for grabs in the IPO, a 100% book-built issue.
Objectives of BMW Ventures Ltd IPO
- Funding working capital requirements of the company
- General corporate purposes
BMW Ventures Ltd IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | NA |
Fresh Issue | Up to 2,34,18,000 equity shares |
Offer for Sale | NA |
EPS (in ₹) for FY 24 | 4.73 |
BMW Ventures Ltd IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the issue |
Non-institutional Bidders | Not less than 15% of the issue |
Retail Individual Bidders | Not less than 35% of the issue |
Industry Outlook
Domestic steel demand logged a significant 5.7% CAGR between fiscal years 2018 and 2023, and the industry logged a steady CAGR of 5.1% between fiscal years 2018 and 2020. Steel demand is expected to clock 6.5-7.5% CAGR between fiscal years 2023 and 2027, spearheaded by infrastructure projects, housing, and construction sectors.
Company Information
BMW Ventures Ltd has been the distributor of long and flat steel products in the state of Bihar since 1996. Its supportive business model ensures the efficient and timely dispatch of orders to the dealers. The company distributed various steel products like TMT bars, GI sheet, HR sheet, wire rods, galvanized colour coated sheets, doors, GP sheet, pipes, hollow sections, etc. In addition, they distribute tractor engines in Bihar.
Strengths of BMW Ventures Ltd IPO
Experience of the Promoters, and Established Relationship with the Principal Supplier
Since its inception, the company has maintained an exclusive distributorship of both long and flat products within the primary supplier, serving a clientele of over 900 dealers and institutional buyers in Bihar. The company’s established market position is highlighted by consistent growth in operational scale throughout the years.
Relationship with Established Players in Industry
The company serves various industries, including agriculture and real estate. Partnering with key players in these industries strengthens our position, enabling us to provide better services.
Selling and Distribution Network
The company engages in the marketing, sales, and distribution of an extensive product portfolio to a wide customer base located in Bihar. Its marketing efforts are arranged through a dedicated sales and marketing team, supported by the expertise and experience of Promoter and Managing Director, Nitin Kishorepuria.
Risks of BMW Ventures Ltd IPO
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The company derives a substantial portion of its revenue from the distribution of long and flat steel products. A drop in sales due to a reduction in demand for such products would have a material adverse effect on its business, financial condition, results of operations, and cash flows.
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The company derives a significant portion of its revenues from repeat orders. Any loss or a significant reduction in the repeat orders it receives could adversely affect its business, results of operations, financial condition, and cash flows.
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The company’s business and profitability are substantially dependent on the cost of steel. Disruption to the timely and adequate supply of steel or volatility in the prices of steel may adversely impact its business, results of operations, cash flows, and financial condition.
All Financial Information about BMW Ventures
Particulars (in Rs. lakh)
Particulars (in Rs. lakh)
Comparison with peers
| Parameter | BMW Ventures Ltd | Shiv AUM Steel Ltd |
|---|---|---|
Sales in ₹ lakh for FY 24 | 194,203.15 | 54,952.00 |
PAT in ₹ lakh for FY 24 | 2,993.54 | 1,017.00 |
EPS in ₹ for FY 24 | 4.73 | 7.48 |
Return on net worth for FY 24 | 16.03 | 9.60 |
IPO Registrar and Book Running Lead Manager
Cameo Corporate Services Limited is the registrar of the BMW Ventures Ltd IPO. Sarthi Capital Advisors Private Limited is the book running lead manager.
Business Model
BMW Ventures Ltd deals in various steel products like TMT bars, GI sheets, HR sheets, wire rods, galvanised colour-coated sheets, doors, GP sheets, pipes, hollow sections, screws, and more. The company is also engaged in distribution of tractor engines and spare parts to dealers. Apart from distribution, the company is also engaged in fabrication of pre-engineered buildings (PEB), manufacturing of PVC pipes and RDSO approved manufacturer of steel girders used in construction of bridges for Indian Railways in Bihar.
Company Growth Trajectory
BMW Ventures Ltd has been delivering consistent financial performance. In FY 2024, 2023 and 2022, its revenue from operations were ₹1,93,819.63 lakhs, ₹2,01,509.72 lakhs and ₹1,56,358.80 lakhs, respectively.
Market Position
The company has a strong market leadership position in the trading of TMT Bars and other allied steel products in the industry. It has contributed approximately 20% of sales of TMT bars in the state of Bihar as of fiscal 2023.
BMW Ventures Ltd Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income in ₹ lakh | 194,203.15 | 201,812.23 | 156,643.75 |
Profit Before Tax in ₹ lakh | 4,048.74 | 4,335.75 | 4,302.83 |
EBITDA in in ₹ lakh | 7,267.69 | 6,796.41 | 6,418.14 |
EPS in ₹ | 4.73 | 5.16 | 5.04 |
BMW Ventures Ltd Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ lakh) | 4,048.74 | 4,335.75 | 4,302.83 |
Net Cash Flow from Operating Activities (in ₹ lakh) | (5,304.89) | (8,340.70) | 4,742.32 |
Net Cash Used in Investing Activities (in ₹ lakh) | (2,651.17) | (2,120.35) | (2,508.26) |
Net Cash in Financing Activities (in ₹ lakh) | 7,980.98 | 9,925.55 | (2,529.30) |
Cash and cash equivalents as at 31st March 2024 (in ₹ lakh) | 52.86 | 27.94 | 563.44 |
How to Check Allotment Status of BMW Ventures Ltd IPO?
You can check the allotment status of the BMW Ventures Ltd IPO on the BSE website and on the registrar's website, Cameo Corporate Services Limited. Follow these steps to check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is BMW Ventures Ltd
- Enter your application number or PAN number
- Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status
To check the status on the website of Cameo Corporate Services Limited:
- Visit the website of Cameo Corporate Services Limited
- Choose any of the three links given
- Choose the company from the drop-down menu
- Input either your PAN number, application number, or DP client ID
- Enter the captcha and click on submit to know the status
How To Apply for BMW Ventures Ltd IPO?
Here are the steps to apply for BMW Ventures Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
BMW Ventures IPO FAQs
What is the BMW Ventures Ltd IPO?
The BMW Ventures Ltd IPO is a 100% book-built offer with a fresh issue comprising up to 2,34,18,000 equity shares. There is no offer for sale in this IPO.
When is the IPO of BMW Ventures Ltd going live and who is its registrar?
The exact dates of the IPO are yet to be announced. The registrar of the IPO is Cameo Corporate Services Ltd.
